Bank of Polk (Polk, NE)

Episode Information

Episode UID
76051171559
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7605117 routing
Routing Number
76-0511
Start Date
November 1, 1929*
Location
Polk, Nebraska (41.077, -97.784)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
512051c8abcb84d3

Response Measures

None

Description

Bank was closed by the state banking department after discovery of embezzlement; a receiver later handled asset sale.

Events (2)
1. November 1, 1929* Suspension
Cause
Bank Specific Adverse Info
Cause Details
State examiners discovered shortages and alleged embezzlement by officer Raymond L. Cox between June 1927 and Sept 1929.
Newspaper Excerpt
the Bank of Polk, closed the state banking department in November.
Source
newspapers
2. October 13, 1930 Receivership
Newspaper Excerpt
Receiver the Bank Polk, Polk, ... one Monday, the 13th day of Octo1930 ... offer for sale ... subject to confirmation by the court, and likewise subject to any outstanding taxes.
Source
newspapers

Newspaper Articles (2)
1. December 28, 1929 Nebraska Daily News-Press Nebraska City, NE
Article from Nebraska Daily News-Press, December 28, 1929

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Article Text

CHARGE OFFICER Raymond L. Cox, Polk, Facing Nine Counts of Embezzlement OSCEOLA, Neb., Dec. Raymond Cox, of Polk, was arrested here Thursday night on charge of nine counts of embezzlement totaling $9,000 from the funct Bank of Polk, closed the state banking department in November. His father, Hadley Cox, of York, was president of the bank, but Raymond had been in charge for 20 years. The shortages were discovered by state bank examiners checking over the records and the complaint was filed December 16. Cox was given his freedom on $2,500 bond, furnished by friend and was granted until Jan. enter plea. Cox voluntarily surrendered to county officers Thursday night. County Attorney Stanton, in his complaint, stated that the bank's money was converted to the use of its former officer from June, 1927, to September, 1929, shortly before the time that the bank was closed.

2. September 25, 1930 Seward County Independent Seward, NE
Article from Seward County Independent, September 25, 1930

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Article Text

Ripley, Attorney for Plaintiff) NOTICE OF SHERIFF'S SALE Notice is hereby given that virtue an order of sale issued the clerk of the district court the fifth judicial district of braska within for Seward county, action therein pending, in which Lincoln Trust Company, corporation, plaintiff, and Albert Foreman; Essie Foreman; Joshua Cox; Cora Cox, Joshua AmeriState Bank, York, Department of Trade and Comof the State Nebraska; Bank of Commerce, York, NebrasJohn Doe, whose real name James Pekarek; Mary Doe, real name unknown; Requartte, trustee for Joshua Cox, bankrupt, defendants; and Clarence Bliss, Secretary of the Department of Trade Commerce Nebraska, Receiver the Bank Polk, Polk, interwill, one Monday, the 13th day of Octo1930, the north front door the Seward county courthouse the Seward, Seward county, Nebraska, offer for sale public auction the highest cash the following describestate: The Southeast Quarter Section One (1) and the West Half of the Northeast Quarter of Section Twelve (12), Township Twelve (12) North, Range Four (4) East, in Seward county, Said sale in accordance decree entered said action the 15th day of August, 1930, and subject confirmation by the court, and likewise subject to any outstanding taxes. Given under hand this 10th day of September, Sheriff of Seward county, 27-5 Nebraska.